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Sandra M. Pihos

$7M Chase settlement boosts state-supported Chicago nonprofit

$7M Chase settlement boosts state-supported Chicago nonprofit

In early July, Chase agreed to pay $95 million to 47 states to settle allegations that the bank had used illegal tactics for years to go after struggling credit card borrowers. Since then, Leslie Corbett says she has been on the phone nearly nonstop. When the accord was announced, state Attorney General Lisa Madigan said Corbett's nonprofit, the Illinois Equal Justice Foundation, would get the state's $7.2 million cut. That's a windfall for the foundation, which was created by the 1999 Illinois Equal Justice Act as a vehicle to help decide which nonprofits should get a slice of the state's annual appropriation for legal aid for poor residents. The $7 million is...

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